Forbes: Why the Community Reinvestment Act needs a racial equity lens

Forbes, February 25, 2022, Why the Community Reinvestment Act needs a racial equity lens

There are strong legal grounds for including race and ethnicity in CRA evaluations. According to the National Community Reinvestment Coalition

, “the CRA statute itself and the constitutional parameters set out by court cases around race-conscious policies demonstrate that the prudential regulators have substantial latitude to incorporate race and ethnicity in CRA evaluations and within the agency’s framework design.”